Wells Fargo analyst Zachary Fadem lowered the firm’s price target on Wayfair to $30 from $35 and keeps an Underweight rating on the shares. In 2023, the analyst believes promo activity widens into slowing demand, and he would steer clear of bottom-fishing in Wayfair.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on W: